Valuation professional organizations, special interest groups, and valuation and accounting firms are issuing updates and guidance amid the coronavirus pandemic. Here’s some of what’s going on in that regard.
The ESOP Association is developing a joint committee article on the pandemic’s impact on valuation and the potential need for updated valuations for distributions.
The AICPA has formed a task force from its BV and forensic committees to examine the impact of COVID-19. At its first meeting, members discussed general valuation issues, liquidity risks, and the potential for an increase in fraud (such as virus-related charity donation fraud).
The ASA’s in-person classes and events are in the process of being rescheduled or converted to online access, according to the organization’s COVID-19 update web page, where you’ll also find news about ASA office closures, memberships, and credentialing.
The Big Four are issuing alerts on understanding the impacts of the coronavirus on business operations, such as this one from PwC.
Houlihan Lokey has a series of COVID-19 updates on various industries, including transportation and logistics, human capital management, valuation of structured products, marketing services, and facilities services.
Duff & Phelps has a COVID-19 Resource Center with links to a number of alerts and resources on how the coronavirus is impacting businesses globally.
We’ll keep you informed as these resources develop.
Extra: The Big Four as well as many other public accounting firms have temporarily shut their doors and implemented mandatory work-at-home policies.
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